Multifamily Roundup: 10 Things You Need to Know Today
The week is just beginning, and so is good news for multifamily. Below are the critical stories to stay in the know.
1. Investors are sweeping through sunny SoCal, acquiring several multifamily properties with a value-add strategy in mind. [GlobeSt]
2. Now down to the southern tip of the US, where affordable housing is secured for a new $22M, 73-unit multifamily development. [MHN]
3. Nothing profound here. Home prices are up nearly 5%, a national year-long report reveals. [HW]
4. September was a good month. Home construction rebounds with 18% jump in multifamily units and 6.5% increase in housing overall. [WSJ]
5. Just like many others have said, multifamily's an investment, says Boston Herald’s Rick Shaffer. [BH]
6. Apparently many have taken notice of this good investment. Multifamily lending hit a record $195.1B this year. [Bisnow]
7. Homeownership turnaround rates rise for the first time in two years after last quarter’s 48-year low. [HW]
8. Apartment demand projected to strengthen in Q3, says the National Multifamily Housing Council . [MHN]
9. Rents continue to rise. Unfortunately for Floridians, Ft. Myers had the highest jump, with a 23.6% increase. [SBJ]
10. Are tiny apartments the answer to the housing crisis? [Bisnow]
